KKR REAL ESTATE FINANCE TRUS (KREF) Stock Fundamental Analysis
NYSE:KREF • US48251K1007
6.95 USD
-0.07 (-1%)
At close: Feb 27, 2026
6.95 USD
0 (0%)
After Hours: 2/27/2026, 8:14:57 PM
Taking everything into account, KREF scores 4 out of 10 in our fundamental rating. KREF was compared to 69 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. Both the profitability and financial health of KREF have multiple concerns. KREF has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- In the past year KREF was profitable.
- In the past year KREF had a positive cash flow from operations.
- In multiple years KREF reported negative net income over the last 5 years.
- Each year in the past 5 years KREF had a positive operating cash flow.
1.2 Ratios
- KREF has a Return On Assets of -1.08%. This is in the lower half of the industry: KREF underperforms 79.71% of its industry peers.
- The Return On Equity of KREF (-5.96%) is worse than 73.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.08% | ||
| ROE | -5.96% | ||
| ROIC | N/A |
ROA(3y)-0.53%
ROA(5y)0.1%
ROE(3y)-2.94%
ROE(5y)0.28%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- KREF's Gross Margin of 29.50% is in line compared to the rest of the industry. KREF outperforms 47.83% of its industry peers.
- In the last couple of years the Gross Margin of KREF has declined.
- The Profit Margin and Operating Margin are not available for KREF so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 29.5% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.07%
GM growth 5Y-11.04%
2. Health
2.1 Basic Checks
- KREF does not have a ROIC to compare to the WACC, probably because it is not profitable.
- Compared to 1 year ago, KREF has less shares outstanding
- Compared to 5 years ago, KREF has more shares outstanding
- KREF has a better debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of -0.06, we must say that KREF is in the distress zone and has some risk of bankruptcy.
- KREF has a Altman-Z score (-0.06) which is comparable to the rest of the industry.
- KREF has a debt to FCF ratio of 83.74. This is a negative value and a sign of low solvency as KREF would need 83.74 years to pay back of all of its debts.
- KREF has a better Debt to FCF ratio (83.74) than 71.01% of its industry peers.
- KREF has a Debt/Equity ratio of 3.88. This is a high value indicating a heavy dependency on external financing.
- KREF has a better Debt to Equity ratio (3.88) than 63.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.88 | ||
| Debt/FCF | 83.74 | ||
| Altman-Z | -0.06 |
ROIC/WACCN/A
WACC6.09%
2.3 Liquidity
- A Current Ratio of 0.70 indicates that KREF may have some problems paying its short term obligations.
- With a decent Current ratio value of 0.70, KREF is doing good in the industry, outperforming 72.46% of the companies in the same industry.
- A Quick Ratio of 0.70 indicates that KREF may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.70, KREF is in the better half of the industry, outperforming 72.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.7 |
3. Growth
3.1 Past
- KREF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 139.22%, which is quite impressive.
- KREF shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -27.15% yearly.
- Looking at the last year, KREF shows a very negative growth in Revenue. The Revenue has decreased by -22.90% in the last year.
- KREF shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.11% yearly.
EPS 1Y (TTM)139.22%
EPS 3Y-37.39%
EPS 5Y-27.15%
EPS Q2Q%204.76%
Revenue 1Y (TTM)-22.9%
Revenue growth 3Y1.26%
Revenue growth 5Y11.11%
Sales Q2Q%-26.59%
3.2 Future
- Based on estimates for the next years, KREF will show a very strong growth in Earnings Per Share. The EPS will grow by 34.30% on average per year.
- KREF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.56% yearly.
EPS Next Y67.45%
EPS Next 2Y63.63%
EPS Next 3Y34.3%
EPS Next 5YN/A
Revenue Next Year-8.91%
Revenue Next 2Y-4.39%
Revenue Next 3Y2.56%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 17.38, KREF is valued on the expensive side.
- KREF's Price/Earnings ratio is in line with the industry average.
- KREF's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.10.
- With a Price/Forward Earnings ratio of 10.38, the valuation of KREF can be described as very reasonable.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of KREF is on the same level as its industry peers.
- KREF is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.38 | ||
| Fwd PE | 10.38 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, KREF is valued cheaply inside the industry as 85.51% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.97 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- KREF's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- KREF's earnings are expected to grow with 34.30% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.26
PEG (5Y)N/A
EPS Next 2Y63.63%
EPS Next 3Y34.3%
5. Dividend
5.1 Amount
- KREF has a Yearly Dividend Yield of 14.25%, which is a nice return.
- KREF's Dividend Yield is rather good when compared to the industry average which is at 11.54. KREF pays more dividend than 89.86% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.80, KREF pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.25% |
5.2 History
- The dividend of KREF decreases each year by -5.05%.
- KREF has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)-5.05%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- KREF has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-126.16%
EPS Next 2Y63.63%
EPS Next 3Y34.3%
6.95
-0.07 (-1%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)02-03 2026-02-03/amc
Earnings (Next)04-21 2026-04-21
Inst Owners62.47%
Inst Owner Change5.7%
Ins Owners2.27%
Ins Owner Change5.86%
Market Cap446.75M
Revenue(TTM)458.10M
Net Income(TTM)-69.89M
Analysts78.33
Price Target9.18 (32.09%)
Short Float %9.13%
Short Ratio4.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.25% |
Yearly Dividend1.33
Dividend Growth(5Y)-5.05%
DP-126.16%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-42.81%
Min EPS beat(2)-129.41%
Max EPS beat(2)43.79%
EPS beat(4)3
Avg EPS beat(4)2.07%
Min EPS beat(4)-129.41%
Max EPS beat(4)49.72%
EPS beat(8)6
Avg EPS beat(8)-24.97%
EPS beat(12)8
Avg EPS beat(12)-44.28%
EPS beat(16)11
Avg EPS beat(16)-35.81%
Revenue beat(2)0
Avg Revenue beat(2)-10.33%
Min Revenue beat(2)-18.35%
Max Revenue beat(2)-2.31%
Revenue beat(4)0
Avg Revenue beat(4)-10.26%
Min Revenue beat(4)-18.35%
Max Revenue beat(4)-2.31%
Revenue beat(8)1
Avg Revenue beat(8)-6.42%
Revenue beat(12)3
Avg Revenue beat(12)13.75%
Revenue beat(16)7
Avg Revenue beat(16)45.86%
PT rev (1m)0%
PT rev (3m)-0.98%
EPS NQ rev (1m)-5.36%
EPS NQ rev (3m)-7.98%
EPS NY rev (1m)-4.14%
EPS NY rev (3m)7.65%
Revenue NQ rev (1m)-6.08%
Revenue NQ rev (3m)-7.73%
Revenue NY rev (1m)-3.96%
Revenue NY rev (3m)-3.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.38 | ||
| Fwd PE | 10.38 | ||
| P/S | 0.98 | ||
| P/FCF | 7.97 | ||
| P/OCF | 6.18 | ||
| P/B | 0.38 | ||
| P/tB | 0.38 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.4
EY5.76%
EPS(NY)0.67
Fwd EY9.64%
FCF(TTM)0.87
FCFY12.55%
OCF(TTM)1.12
OCFY16.18%
SpS7.13
BVpS18.24
TBVpS18.24
PEG (NY)0.26
PEG (5Y)N/A
Graham Number12.81
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.08% | ||
| ROE | -5.96% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 29.5% | ||
| FCFM | 12.24% |
ROA(3y)-0.53%
ROA(5y)0.1%
ROE(3y)-2.94%
ROE(5y)0.28%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.07%
GM growth 5Y-11.04%
F-Score5
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.88 | ||
| Debt/FCF | 83.74 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 623.39% | ||
| Cap/Sales | 3.54% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.7 | ||
| Altman-Z | -0.06 |
F-Score5
WACC6.09%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)139.22%
EPS 3Y-37.39%
EPS 5Y-27.15%
EPS Q2Q%204.76%
EPS Next Y67.45%
EPS Next 2Y63.63%
EPS Next 3Y34.3%
EPS Next 5YN/A
Revenue 1Y (TTM)-22.9%
Revenue growth 3Y1.26%
Revenue growth 5Y11.11%
Sales Q2Q%-26.59%
Revenue Next Year-8.91%
Revenue Next 2Y-4.39%
Revenue Next 3Y2.56%
Revenue Next 5YN/A
EBIT growth 1Y-246.48%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year8.01%
EBIT Next 3Y4.39%
EBIT Next 5YN/A
FCF growth 1Y-57.25%
FCF growth 3Y-26.49%
FCF growth 5Y-13.4%
OCF growth 1Y-45.47%
OCF growth 3Y-19.99%
OCF growth 5Y-8.88%
KKR REAL ESTATE FINANCE TRUS / KREF FAQ
Can you provide the ChartMill fundamental rating for KKR REAL ESTATE FINANCE TRUS?
ChartMill assigns a fundamental rating of 4 / 10 to KREF.
What is the valuation status for KREF stock?
ChartMill assigns a valuation rating of 6 / 10 to KKR REAL ESTATE FINANCE TRUS (KREF). This can be considered as Fairly Valued.
How profitable is KKR REAL ESTATE FINANCE TRUS (KREF) stock?
KKR REAL ESTATE FINANCE TRUS (KREF) has a profitability rating of 2 / 10.
What is the valuation of KKR REAL ESTATE FINANCE TRUS based on its PE and PB ratios?
The Price/Earnings (PE) ratio for KKR REAL ESTATE FINANCE TRUS (KREF) is 17.38 and the Price/Book (PB) ratio is 0.38.
How financially healthy is KKR REAL ESTATE FINANCE TRUS?
The financial health rating of KKR REAL ESTATE FINANCE TRUS (KREF) is 3 / 10.